JAMB - Commerce (2023 - No. 42)
Factors considered when setting up a retail business is one of the following
capital, experience and trading
experience, term of trade and trading
capital, trading and term of trade
capital, type of goods and source of supply
Paliwanag
The factors are: capital, pricing policy, source of supply, type of goods, terms of trade, experience, advertising, location of the business.